Meitav Investment House Ltd. Trims Stock Holdings in Invesco KBW Bank ETF $KBWB

Meitav Investment House Ltd. lowered its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 20.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 64,555 shares of the company’s stock after selling 16,905 shares during the quarter. Meitav Investment House Ltd.’s holdings in Invesco KBW Bank ETF were worth $5,108,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Invesco KBW Bank ETF by 47.5% in the fourth quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after purchasing an additional 2,950,181 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after purchasing an additional 1,168,848 shares during the period. Temasek Holdings Private Ltd acquired a new stake in shares of Invesco KBW Bank ETF during the third quarter worth about $83,606,000. BNP Paribas Financial Markets purchased a new stake in Invesco KBW Bank ETF in the fourth quarter valued at approximately $72,072,000. Finally, Fisher Asset Management LLC boosted its position in Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after buying an additional 303,052 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB traded up $0.26 during midday trading on Tuesday, hitting $96.51. The company’s stock had a trading volume of 365,816 shares, compared to its average volume of 2,056,161. Invesco KBW Bank ETF has a fifty-two week low of $70.68 and a fifty-two week high of $96.92. The firm has a market cap of $6.75 billion, a P/E ratio of 13.35 and a beta of 1.01. The firm’s 50 day moving average is $89.04 and its 200-day moving average is $85.80.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.4729 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

Invesco KBW Bank ETF Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.